1212 Hoffman Ave
Long Beach, CA 90813

Bd   — Ba   3,910 Sqft
**$96K PRICE REDUCTION - MOTIVATED SELLER** The subject property is an extensively remodeled 12-unit apartment complex located in Eastside Long Beach, CA. Built in 1923, this Spanish style complex features Twelve One Bed / One Bath bungalow style units. Ten of the twelve units have been completely remodeled from top to bottom and rented to quality tenants for $1,195 and $1,095 per month. A new investor can renovate the remaining Two units, as well as install a coin operated washer/dryer to capture an additional $550 per month equating to a 6.36% Cap Rate. Renovations to the Hoffman Bungalows include, but are not limited to new white washed laminate flooring, quartz kitchen counter-tops, ceramic tile back splashes, Italian tile bathroom flooring and stainless steel appliances, new stucco exterior and some upgraded copper plumbing. 6.0% Current Cap Rate & 6.36% Pro Forma Cap Rate
  • Neighborhood: Central Long Beach
  • Days on Movoto: 40
  • Year Built: 1923
  • HOA:
  • $/Sqft: $442
  • Lot: 6,253 Sqft
  • Property Type: Single Family
  • MLS#: RS16702787
  • MLS:
  • Listing Office: Nationwide Real Estate Execs
  • Listing Broker: Andrew McAllister
  • Movoto last checked CRMLS for new data 27 minutes ago
  • CRMLS last updated this listing 2 weeks ago

Home Features for 1212 Hoffman Ave , Long Beach

Tour a Similar Home of 1212 Hoffman Ave, Long Beach

Mortgage Calculator for 1212 Hoffman Avenue, Long Beach

Edit the averages shown below to see the payment that works best for you.

Real Estate Market Statistics of 1212 Hoffman Avenue , Long Beach

Long Beach, California

Total Inventory For Sale

748 Homes

-1% m/m +25% y/y

Median List Price


0% m/m +11% y/y

Median Days On Market

53 Days

+3% m/m +1% y/y

Median House Size

1,498 Sqft

0% m/m +8% y/y

Median Price Per Square Foot

$393 /Sqft

+1% m/m +5% y/y

Median Price

1212 Hoffman Ave in ZIP code 90813 is a single family home currently listed for $1,729,000. This is 221% above the median of $539,000 for 90813 and 193% above the median price of $589,999 for the city of Long Beach, CA. As of today, , there are 63 properties listed for sale in the 90813 area and 748 properties listed for sale in Long Beach. Of those 748 properties for sale, 511 are single family homes and 237 are condos. 1212 Hoffman Ave is approximately 3,910 Sqft, 161% above the Long Beach median of 1,498 and 140% above the 90813 ZIP code median of 1,632. The price per square foot is $442, which is 53% above the median price in 90813 of $289 and 12% above the Long Beach median of $393 per Sqft.

New Listings in Long Beach

Get to Know Long Beach

Built in 1923, this single family house at 1212 Hoffman Ave is approximately 3,910 square feet and does not come with a parking spot. It is listed on 09/15/2016 for $1,729,000 with a cost per Sqft of $442. 1212 Hoffman Ave is located in the Central Long Beach neighborhood in the Long Beach Unified School District. The closest school is Lincoln Elementary School.

1212 Hoffman Ave has been on the market for 40 days. The median days on the market for properties in this area is 53 with a median list price of $589,999 and median cost per square foot of $393. It's currently listed as pending under the MLS #RS16702787.

View more active properties in this area. Or connect with a top-rated Movoto agent to learn more about Long Beach market trends and buying this home and other homes like it.
Long Beach Agent

I'm happy to give you a quick call to answer all your questions about this home and schedule a tour.